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Nifty crosses the trendline
Financial Express Lucknow
|October 20, 2025
TECHNICAL ANALYSIS
IF ONE RECALLS, we had said last fortnight that a gentle nudge above the 25,100 mark can be sufficient to induce a change of heart among foreign institutional investors (FIIs).
But a close above 25,400 will send even the most battle-hardened FII scurrying for cover.
That is precisely what happened when the Nifty closed above the 25,400 mark. FIIs' short positions, which were at their highest at 98% earlier last week, were down to 80% by Friday evening. The great short covering has just begun.
This story is from the October 20, 2025 edition of Financial Express Lucknow.
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